The Asia Pacific Mobile Robotics Market would witness market growth of 24.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Mobile Robotics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,821 million by 2031. The Japan market is registering a CAGR of 23.5% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 25.1% during (2024 - 2031).
The adoption of mobile robotics is influenced by several key trends reshaping industries, transforming traditional workflows, and driving the demand for robotic solutions. Understanding these adoption trends provides insights into the factors driving the growth and evolution of the market. For instance, one of the prominent trends driving the adoption of these is the increasing shift toward automation across industries.
Companies seeking to improve operational efficiency, reduce labour costs, and enhance productivity use mobile robots to automate repetitive and manual tasks. From manufacturing & logistics to healthcare and agriculture, mobile robots perform various functions, such as material handling, assembly, inventory management, and inspection. Furthermore, collaborative robots, or cobot, are another adoption trend in the market.
As the logistics industry in India grows, there is a heightened need for automation solutions to improve efficiency and meet the rising demand for goods and services. On September 17, 2022, the Indian government unveiled the National Logistics Policy (NLP) to improve the livability index and ease of doing business, according to the National Investment Promotion and Facilitation Agency. The policy aims to reduce the country’s logistical costs to the level of other developed nations from 13–14%. Additionally, by 2030, it aims to lower logistics costs from 16 percent of GDP to an average of 8 percent worldwide. Furthermore, projections indicate that the value of the Indian logistics industry will increase from $160 billion to approximately $215 billion over the following years. Therefore, the expansion of the logistics and warehouse industry in the region is driving the market’s growth.
Free Valuable Insights: The Global Mobile Robotics Market is Predict to reach USD 104.7 Billion by 2031, at a CAGR of 23.5%
Based on Component, the market is segmented into Hardware (Sensor, Control System, Power Supply, Actuator, and Others), Software, and Support & Service. Based on Product, the market is segmented into Unmanned Aerial Vehicle (UAV), Unmanned Ground Vehicle (UGV), and Autonomous Underwater Vehicle (AUV). Based on Application, the market is segmented into Logistics & Warehousing, Education & Entertainment, Domestic (Floor Cleaning Robots, Lawn Cleaning Robots, Pool Cleaning Robots, Window Cleaning Robots, and Others), Military & Defense, Agriculture & Forestry, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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